Bitcoin Weekly TD Sequential analysis
After a long 4 years, we finally have received another Red-9 on the weekly candles. Following TD.Sequential standards it was easily identifiable that a strong move up was approaching. I expect at least a Green1-4 candle rally on the weekly charts, which would be justified by the news/hype surrounding the SEC's Bitcoin ETF approvals which I believe will be concluded around August 10th or 11th. Keep in mind, ETFs are fairly complex and may require 1-2+ years to start rolling out officially. I do not expect this to be the bottom of Bitcoin , but merely a buy the rumor sell the news event. Optional Short could potentially be opened on the morning of the ETF announcement, on the eve of the night before, or a few days after once price correction/ selling of the news has been technically confirmed. My short position-TBD.
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